Alibaba Questions Hong Kong Exchange's Stance

Official at E-Commerce Giant Says Talks Over IPO Have Ended

By

Matt Jarzemsky And

Juro Osawa

Updated Sept. 26, 2013 9:40 p.m. ET

Alibaba Group Holding Ltd. took its feud with the Hong Kong Stock Exchange public, questioning why the exchange wouldn't bend its rules to allow the Chinese e-commerce company to list its shares there.

Alibaba wants to structure its initial public offering—which, analysts said, could value the company at $70 billion or more—to allow the...